Particle Community introduces modular L1 blockchain for a multi-chain ecosystem

• Particle Community’s modular L1 blockchain is a common settlement layer for a multi-chain ecosystem.
• It options Chain abstraction and Common Accounts.

Particle Community has launched its modular Layer-1 blockchain, an improve powered by chain abstraction and common accounts to make consumer expertise throughout blockchains simpler.

Particle Community’s L1 is a Cosmos-SDK-based blockchain that may act “as a common settlement layer for the multi-chain ecosystem.”

“Counting on the Cosmos SDK to construct this chain permits us to make it intrinsically modular, retaining its sovereignty whereas outsourcing key features like validation and knowledge availability to specialised ecosystem actors. Our L1 can also be primarily based on Rollkit and makes use of Berachain’s Polaris framework for EVM compatibility. Moreover, it leverages a Common Inter-Blockchain Communication (IBC) protocol for interoperability, enabling low-cost, quick cross-chain transaction execution,” Particle Community famous in a weblog publish.

A novel consumer expertise

In keeping with the Particle Community group, chain abstraction permits for simplified consumer interactions in a multi-chain ecosystem.

Inside this framework, any consumer can work together with any product and asset within the quickly rising Web3 panorama. Chain abstraction permits performance for Common Accounts, which on this case, create an surroundings that works much like a single chain with unified liquidity and sovereignty.

Chain abstraction and common accounts enable customers to work together with various kinds of blockchain networks and decentralised functions (dApps). Particle’s Pockets Abstraction means a common Web3 expertise with no worries about a number of wallets and bridging amongst different elements.

The L1 will depend on Common Accounts for simplified good contract administration throughout all EVM chains in addition to heterogeneous blockchains like Bitcoin (BTC) and Solana (SOL).

Common Liquidity will present for unified liquidity with optimistic execution of atomic transactions and swaps. There’s additionally Common Gasoline Token that permits customers to pay gasoline with a single gasoline token moderately than a number of models.